Has a No-Deal Brexit Become More Likely?
Fanatical Brexiteers argue that a UK prime minister genuinely determined to deliver a no-deal Brexit could, and should, go nuclear: suspend parliament and refuse to call MPs back until after the October 31 deadline, when Brexit will happen automatically. The problem for them is that the UK isn't Zimbabwe or Venezuela.
LONDON – After British Prime Minister Theresa May’s resignation announcement, several of the candidates to succeed her have proclaimed their desire for a “no-deal Brexit.” In response, European leaders are ramping up preparations for a total rupture with the United Kingdom, financial analysts are revising their forecasts accordingly, and sterling is collapsing.